Income StatementBalance SheetCash FlowSegments
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NRG Energy Cash Flow Statement

Operating, investing, and financing cash movements

NRG Energy generated $889.0M in operating cash flow over the trailing twelve months. After $1.2B in capital expenditures, free cash flow was $455.0M. Free cash flow decreased 0.8% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$889.0MNet Cash From Investing (TTM)-$8.6BNet Cash From Financing (TTM)$6.7BCapital Expenditures (TTM)$1.2BDepreciation And Amortization Cf (TTM)$955.0MNet Change In Cash (TTM)-$1.0B
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$26.5B
P/E Ratio110.79
ROE6.25%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain on sale of property, plant, and equipment—$100.0M$0.0$0.0—$0.0
Amortization of debt issuance costs$7.0M$6.0M$7.0M$11.0M$27.0M$5.0M
Amortization of deferred commissions—$108.0M$118.0M$137.0M$147.0M$155.0M
Change in accounts payable$42.5M-$196.0M———-$910.0M
Change in accounts receivable$91.5M$78.0M———-$809.0M
Change in income taxes payable/receivable$31.0M$143.0M-$17.0M$83.0M$4.0M-$56.0M
Change in inventories-$27.8M-$92.0M———$29.0M
Change in other assets$134.8M$179.0M———$196.0M
Other working capital changes—$154.0M$375.0M$561.0M—$228.0M
Depreciation and amortization$257.0M$218.0M$226.0M$223.0M$229.0M$277.0M
Gain (loss) on sale of assets$0.0$100.0M$0.0$0.0-$125.0M$0.0
Change in Derivative Assets and Liabilities$605.0M$320.0M-$338.0M-$429.0M-$3.0M-$190.0M
Amortization of Contract Acquisition Assets—$108.0M$118.0M$137.0M$147.0M$155.0M
Net cash from operating activities$952.0M$855.0M$451.0M$484.0M$123.0M-$169.0M
Net income$643.0M$750.0M-$104.0M$152.0M$66.0M$125.0M
Non-cash interest expense$7.0M$6.0M$7.0M$11.0M$27.0M$5.0M
Amortization of in-the-money contracts and emissions allowances$22.0M$44.0M$7.0M$24.0M$22.0M$36.0M
Asset Retirement Obligation, Accretion Expense, Net—-$10.0M———$7.0M
Amortization of costs capitalized to obtain revenue contracts, net—$108.0M$118.0M$137.0M$147.0M$155.0M
Changes in collateral deposits in support of risk management activities$325.0M$623.0M-$426.0M-$121.0M—-$142.0M
Gain (Loss) On Proceeds From Insurance Recoveries for Property Plant And Equipment, Net$0.0$25.0M$25.0M$25.0M$25.0M—
Gain (Loss) On Sale And Disposition Of Assets—-$8.0M-$2.0M$3.0M—-$3.0M
Accrued expenses and other current liabilities$34.0M-$185.0M———-$315.0M
Increase (Decrease) in Prepaid Expense and Other Assets$134.8M$179.0M———$196.0M
Provision for credit losses$86.0M$56.0M$57.0M$88.0M$71.0M$59.0M
Stock-based compensation$20.0M$29.0M$33.0M$21.0M$51.0M$41.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net proceeds (payments) from derivative instrument financing activities$1.0M-$25.0M-$13.0M-$13.0M-$8.0M-$19.0M
Proceeds from Lines of Credit$0.0$0.0$865.0M$710.0M$0.0$4.9B
Proceeds from Long-term Lines of Credit$0.0$0.0$865.0M$710.0M$0.0$4.9B
Proceeds from issuance of debt$2.3B$0.0$0.0$1.4B$5.3B$57.0M
Repayments of debt$0.0$0.0$730.0M$845.0M$0.0$1.5B
Dividends paid$83.0M$121.0M$86.0M$119.0M$85.0M$135.0M
Payments Of Debt Issuance Costs$32.0M$3.0M$28.0M$24.0M$23.0M$42.0M
Payments of Ordinary Dividends—$121.0M$86.0M$119.0M—$135.0M
Proceeds from issuances of debt—$0.0$0.0$1.4B—$57.0M
Proceeds From Issuance Of Senior Long Term Debt$800.0M$1.7B$1.7B$1.7B$1.7B—
Repayments of Long-Term Lines of Credit$0.0$0.0$730.0M$845.0M$0.0$1.5B
Net Cash from Derivative Financing Activities$1.0M-$25.0M-$13.0M-$13.0M-$8.0M-$19.0M
Cash Flows from Financing Derivatives$1.0M-$25.0M-$13.0M-$13.0M-$8.0M-$19.0M
Proceeds from revolving credit facility$0.0$0.0$865.0M$710.0M$0.0$4.9B
Net cash from financing activities-$714.0M-$458.0M-$297.0M$215.0M$4.1B$2.7B
Payment of debt issuance costs$32.0M$3.0M$28.0M$24.0M$23.0M$42.0M
Repurchases of common stock$619.0M$314.0M$289.0M$355.0M$353.0M$481.0M
Taxes paid for net share settlement$5.0M$40.0M$37.0M$9.0M$6.0M$79.0M
Payments on Revolving Credit Facilities$0.0$0.0$730.0M$845.0M$0.0$1.5B
Repayments of Long-term Lines of Credit$0.0$0.0$730.0M$845.0M$0.0$1.5B
Repayments of lines of credit$0.0$0.0$730.0M$845.0M$0.0$1.5B
Repayments of Other Debt$2.3B$5.0M$5.0M$239.0M$756.0M$12.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$186.0M$217.0M$378.0M$254.0M$298.0M$317.0M
Proceeds from Sale of Other Productive Assets$125.3M$1.5M$1.5M$1.5M$1.5M—
Proceeds from Sale of Assets (Investing)—$6.0M$0.0$0.0—$0.0
Payments For Proceeds From Intangible Assets$2.0M$3.0M$4.0M-$1.0M—$0.0
Payments to Acquire Businesses And Asset Acquisitions, Net—$20.0M$566.0M$5.0M—$6.8B
Proceeds from insurance recoveries for property, plant and equipment, net$750.0K$25.0M$25.0M$25.0M$25.0M—
Proceeds from insurance recoveries for property, plant and equipment, net—$100.0M$0.0$0.0—$0.0
Proceeds from sale of assets$125.3M$1.5M$1.5M$1.5M$1.5M—
Proceeds from Sale of Other Productive Assets$125.3M$1.5M$1.5M$1.5M$1.5M—
Net cash from investing activities-$187.0M-$134.0M-$948.0M-$258.0M-$298.0M-$7.1B
Proceeds from sale of businesses$125.3M$1.5M$1.5M$1.5M$1.5M—

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$766.0M$638.0M$73.0M$230.0M—-$486.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$4.0M$2.0M-$1.0M$1.0M$2.0M$2.0M
Net increase (decrease) in cash$47.0M$265.0M-$795.0M$442.0M$3.9B-$4.6B
Repayments of Other Debt$2.3B$5.0M$5.0M$239.0M$756.0M$12.0M